The Manufacturers Life Insurance Company purchased a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,868 shares of the company's stock, valued at approximately $526,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ghisallo Capital Management LLC acquired a new stake in Waystar during the 2nd quarter worth about $12,900,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Waystar during the second quarter worth approximately $27,950,000. Sculptor Capital LP bought a new stake in Waystar in the second quarter worth approximately $791,000. Amalgamated Bank acquired a new position in Waystar in the third quarter valued at approximately $41,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Waystar during the 3rd quarter worth approximately $10,224,000.
Waystar Price Performance
NASDAQ:WAY traded down $0.12 during trading hours on Friday, hitting $34.07. 1,362,757 shares of the company traded hands, compared to its average volume of 1,156,208. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The business's 50-day simple moving average is $29.76. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $34.60.
Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. Waystar's quarterly revenue was up 21.7% compared to the same quarter last year. As a group, analysts forecast that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on WAY shares. Royal Bank of Canada boosted their target price on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price for the company in a research note on Friday, November 22nd. Evercore ISI upped their price target on Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group upped their target price on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $32.90.
Check Out Our Latest Analysis on Waystar
Waystar Company Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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